Comment: I will let Tom Woods answer,

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I will let Tom Woods answer,

because quite frankly he's got a better explanation.

Money emerges on the market as the most highly marketable commodity. This is how society moves from barter to a money economy. People value the most saleable good not just for its use value but increasingly for its exchange value. In other words, gold — or whatever — is valued not just for its ornamental and industrial uses, but also because it can fetch you the goods you want. People want it, so if you can get it, you can acquire the things you want from them.

Irredeemable paper money could not possibly have emerged this way. It is not a saleable good. No one values pieces of paper with politicians’ faces on them, so they would not be the most marketable commodity in society.

Moreover, no one can engage in economic calculation using a paper money introduced ex nihilo by the state. With gold (or whatever the spontaneously chosen money commodity happens to be), people can recall the exchange ratios that existed under the latest stage of barter — one gold unit for ten hats, three dozen oranges, or 100 pencils. But with pieces of paper printed by the state and simply imposed on people, how can anyone know how many of them ought to fetch a hat, an orange, or a tomato? Another reason no one would spontaneously adopt this system.

I cannot create money the way the bankers create money.....but the USG can and does and it is a tax.
Depending on your definition of tax...…hidden tax at that…...Yeah theft works for me.

"Before we can ever ask how things might go wrong; we must first explain how they could ever go right"